Embrace road pricing to build the infrastructure we actually need without government borrowing October 27, 2016 It is odds on that Philip Hammond will announce in the Autumn Statement that government spending constraints will be relaxed to facilitate investment in infrastructure. We will be told that the government should borrow and invest more and that this will promote growth in the long run. This argument might have merit if it were not for [...]
Now Tube workers on the Piccadilly line are voting on strikes October 27, 2016 The Rail, Maritime and Transport (RMT) union has been busy. Yesterday it announced it was balloting Southern Rail drivers over the long-running dispute on the role of guards, and 3,500 London Underground staff following a security incident at North Greenwich Tube station. The union said the incident had put safety "back at the top of the agenda". Read [...]
How seven City analysts reacted to the surprise rise in UK GDP October 27, 2016 Scaremongers were once again proved wrong this morning, after it was revealed the UK's economy grew by 0.5 per cent in the third quarter of 2016. The figure, by the Office for National Statistics, was much higher than the 0.1 per cent analysts had expected. Here's how the City reacted: ps. Today marks the 30th anniversary [...]
Sadiq Khan is to blast the government for “shrugging off” the City’s Brexit fears October 27, 2016 London mayor Sadiq Khan will tomorrow hit out at the government's “blase” approach to Brexit for the City, and accuse Theresa May of “shrugging off” concerns on recruitment and passporting. Speaking at the City of London corporation dinner, Khan will say that Brexit represents the biggest impact on the City since the Big Bang, 30 [...]
Brexit worries over – Axa ploughs ahead with building the City’s tallest tower October 26, 2016 The construction of the City's tallest building is back on after developers halted progress before the EU referendum. Axa Investment Managers said today that it is committing to the construction of 22 Bishopsgate because London remains "one of the leading global centres for international business, notwithstanding the current uncertainties created by the EU referendum". 22 Bishopsgate will [...]
Victoria Line services delayed after person hit by train at Seven Sisters October 26, 2016 Services on the Victoria Line are subject to severe delays this afternoon after a person was killed after being hit by a train at Seven Sisters Tube station earlier today. British Transport Police (BTP) were alerted to reports that a person had been hit by a train at the North London station at around 11.15am. "Officers attended [...]
Combined Tube and Southern strike action to set up Christmas chaos October 26, 2016 More good news for Christmas commuters: not only has the Rail, Maritime and Transport (RMT) union confirmed it will ballot 3,500 London Underground workers for strike action, it’s also balloting drivers on Southern Rail. The ballot will open next Friday on the 4 November and close on the 18 November, mirroring the timetable planned for [...]
Chris Grayling says Heathrow’s considering a “ramp runway” over the M25 October 26, 2016 As debate rages on over Heathrow’s expansion and how deliverable it is, transport secretary Chris Grayling said the idea of building a ramp for the new Heathrow runway is being considered. The “ramp runway” would be built over the M25 and the transport secretary says it would be “cheaper and quicker” than moving the M25. Speaking on BBC [...]
RMT confirms 3,500 London Underground workers will be balloted for strike action after last week’s security incident at North Greenwich station October 26, 2016 Transport workers' union RMT has confirmed that it will ballot 3,500 London Underground workers for strike action and "action short of a strike" in a dispute over jobs and safety. RMT said last week's security incident at North Greenwich Tube station had put safety "back at the top of the agenda". The station was closed and [...]
It’s official – Zac Goldsmith has stepped down as an MP over Heathrow October 25, 2016 Zac Goldsmith Richmond Park MP and former Conservative London mayor candidate has formally stepped down as an MP over a government decision on runways. The Department for Transport finally came out in favour of a new runway at Heathrow earlier today, and Goldsmith's constituency party had already confirmed that the MP "intended" to resign. He has [...]